neil dutta breaking that down for you.ation. -- new beat when it comes to inflation. just to give you a flavor of the bond market, yields are up at the front end by four or five basis points, now positive just two. if you are looking at foreign exchange, the dollar a touch weaker. that currency pair negative by .006%. let's get you an update on stories elsewhere. here is your bloomberg brief with dani burger. dani: shares of paramount are up. the company predicted significant earnings growth this year. it helped investors overlook a 6% sales drop. there is shrinking ad revenue on traditional tv channels. the company said subscriber growth beat estimates on its paramount plus streaming service, which it does expect to be profitable domestically next year. an illinois judge has barred donald trump from appearing on the primary ballot. it is the third state. he has until friday to appeal and is already peeling a similar ruling from colorado before the u.s. supreme court. another partial government shutdown is a step closer to

neil dutta joins me now. you've been talking about powell's sort of political dilemma.ery fed chair does have that. it feels like it was magnified after george, sr. blamed the fed for losing his re-election cam pain, pressure, directly or indirectly from every administration to a certain degree. this year it feels like really thick out there because they are going to be making moves this year. >> he also told you that. but charles, let's not forget that the market anticipated they would be making moves this year around the fed's own summary of economic projections is anticipating a cut in 2024 since the middle of 2022. they have had that in their dots,. charles: right. >> for over 18 months. charles: right. >> it is not like it is shocking news. i mean if the fed wanted to bail out biden or influence the election they would have already cut by now. the fact they haven't is i think is important. charles: so one of the stories that came out of the interview was, okay, march is off the table but may will be 50 basis points. so, i mean, is wall street reading this wrong? be

neil dutta is booked on the show thursday. let's get you some of the names. to co-heads to lead its global banking. they are consolidating to better align their coverage of clients as they grow in size and complexity. a couple of movements there to help meet the asia and european business as well. lisa: when i saw the redhead, thought will this represent the new leadership ranks that could replace jamie dimon someday if he ever leaves? philippe agourri was coming from asia-pacific and he was talking about india being an important driver. is this a big shift or is this more important? you wonder the intrigue of the changing of the guards. jonathan: it's quite a move for city catch, quite a catch. it's pretty impressive they pulled someone avoid -- someone away. lisa: how much is the leadership ranks have been difficult to pull away. at citigroup, there is a shakeup going on in its new leadership in a new kind of feeling of a recording -- of a reorganization. how much is that a war for certain talent? jonathan: slow economic data this week including the fed's p